9,766 Shares in Broadridge Financial Solutions, Inc. $BR Acquired by Millington Financial Advisors LLC

Key Points

• Millington Financial Advisors opened a new position in Broadridge Financial Solutions, buying 9,766 shares worth about $2.18 million in the fourth quarter.
• Broadridge CEO Timothy C. Gokey also bought 5,300 shares in early March, a transaction valued at about $1.03 million, signaling insider confidence.
• The company reported better-than-expected quarterly earnings and revenue, and it continues to pay a quarterly dividend of $0.975 per share, yielding about 2.7%.

Millington Financial Advisors LLC bought a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,766 shares of the business services provider's stock, valued at approximately $2,179,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Patton Fund Management Inc. boosted its holdings in Broadridge Financial Solutions by 5.3% during the fourth quarter. Patton Fund Management Inc. now owns 974 shares of the business services provider's stock worth $217,000 after buying an additional 49 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake in Broadridge Financial Solutions by 5.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 994 shares of the business services provider's stock worth $242,000 after purchasing an additional 50 shares during the period. Modern Wealth Management LLC boosted its stake in Broadridge Financial Solutions by 0.4% in the 3rd quarter. Modern Wealth Management LLC now owns 14,175 shares of the business services provider's stock worth $3,376,000 after purchasing an additional 55 shares during the period. Bank of Jackson Hole Trust boosted its stake in Broadridge Financial Solutions by 50.0% in the 3rd quarter. Bank of Jackson Hole Trust now owns 183 shares of the business services provider's stock worth $44,000 after purchasing an additional 61 shares during the period. Finally, Moneta Group Investment Advisors LLC boosted its stake in Broadridge Financial Solutions by 3.9% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 1,608 shares of the business services provider's stock worth $383,000 after purchasing an additional 61 shares during the period. 90.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey purchased 5,300 shares of the business's stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $194.49 per share, for a total transaction of $1,030,797.00. Following the acquisition, the chief executive officer owned 142,876 shares of the company's stock, valued at $27,787,953.24. This trade represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

Broadridge Financial Solutions Stock Up 0.1%

Broadridge Financial Solutions stock opened at $147.07 on Thursday. The company has a market capitalization of $17.01 billion, a P/E ratio of 15.75 and a beta of 0.89. The firm's fifty day simple moving average is $157.47 and its 200-day simple moving average is $190.76. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97. Broadridge Financial Solutions, Inc. has a 1-year low of $139.79 and a 1-year high of $271.91.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates of $2.63 by $0.09. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.90 billion. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. Broadridge Financial Solutions's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.44 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 9.55 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be issued a dividend of $0.975 per share. The ex-dividend date is Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.7%. Broadridge Financial Solutions's dividend payout ratio (DPR) is currently 41.76%.

Wall Street Analyst Weigh In

A number of research firms recently commented on BR. JPMorgan Chase & Co. decreased their price objective on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a "neutral" rating for the company in a research note on Wednesday, February 4th. DA Davidson decreased their price objective on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a "buy" rating for the company in a research note on Tuesday, May 5th. UBS Group decreased their price objective on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a "neutral" rating for the company in a research note on Monday, May 4th. Wall Street Zen lowered shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, February 7th. Finally, Weiss Ratings lowered shares of Broadridge Financial Solutions from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $221.57.

About Broadridge Financial Solutions

Broadridge Financial Solutions is a global fintech company that provides technology-driven solutions and outsourcing services to the financial services industry. The firm's core offerings center on investor communications, securities processing and post-trade services, and technology platforms that support capital markets and wealth management operations. Broadridge positions itself as a provider of mission-critical infrastructure that helps financial institutions manage regulatory requirements, investor engagement and operational complexity.

Products and services include proxy and shareholder communications, investor disclosure and digital communications, proxy voting and tabulation, clearing and settlement support, trade processing and reconciliation, and a range of software-as-a-service platforms for wealth and asset managers.

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